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secondary 3 | E Maths
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Pls help thanks , I know this is quite easy but somehow my answer doesn't correspond to the answer key
Date Posted: 5 years ago
Views: 393
The interest is per annum. Remember to convert it to per month. My answer is $6096.67 (2dp).
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Hi Melody!
For compound interest questions, we must pay careful attention to the frequency of compounding (annually, semiannually, monthly, daily etc) because this will affect the interest rate quoted and the number of compounding periods.
For compound interest questions, we must pay careful attention to the frequency of compounding (annually, semiannually, monthly, daily etc) because this will affect the interest rate quoted and the number of compounding periods.
Date Posted:
5 years ago
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